Sage rises as SAP executive signals new acquisitions

20th Aug 2012 15:11

According to the co-chief executive of German software company SAP, Jim Hagemann, the firm could make more acquisitions, Sueddeutsche Zeitung is reporting.More specifically, he added that the company wants to fuel its long term growth two-thirds by means of internal expansion and one-third through acquisitions. That as acquisitions help the company to enter new business fields and secure the company's future. While it is hard to be certain the above report may be the reason why shares of British software outfit Sage are now the second best performer on the top share index.As of 15:00 Sage is rising by 0.9% to 304.1p in London trading. AB